US DOCKS
Sri Lanka says it will not ban any foreign research ships from its ports from next year
With the increased movement of Chinese research vessels in the Indian Ocean, New Delhi had expressed concern that those might be spy ships and urged Colombo not to allow such vessels to dock at its ports.
Sensex@80,000: Fastest 10K-point rally in 139 days churns out 20 multibagger stocks
Sensex hit 80,000, its fastest 10,000-point rally from 70,000 in history. In 139 days, 20 BSE500 stocks became multibaggers. Sensex first hit 10,000 in Feb 2006, took 463 days for 20,000, and another 2,318 days for 30,000 in April 2017.
After a stop in Cuba, 2 Russian ships dock in Venezuelan port as part of 'show the flag' exercises
Two Russian naval ships, the frigate Admiral Gorshkov and the oil tanker Akademik Pashin, have docked in Venezuela's La Guaira port after conducting exercises in the Atlantic Ocean and a previous stop in Cuba. The visit, part of Russia's efforts to assert its naval presence in remote oceanic regions, underscores the strong ties between Moscow and Venezuelan President Nicolas Maduro's government. This move follows a pattern of close relations established by Maduro's predecessor, Hugo Chavez, and comes ahead of upcoming elections in Venezuela. The presence of Russian vessels has drawn attention amidst ongoing global geopolitical tensions.
187 BSE500 stocks offer double digit returns as markets scaled new heights in June
The India Cements was the top gainer in this pack with nearly 44% return, followed by Amara Raja Energy (41%), JK Paper (40.5%), and V Mart Retail (40.5%).
Bulls March Ahead! Sensex, Nifty scale fresh highs led by gains in RIL, UltraTech
Within the blue-chip Nifty50 pack, UltraTech Cement was the top gainer with an upside of 2%. Other gainers were ICICI Bank, L&T, NTPC, LTIMindtree, and Bajaj Finance. On the other hand, stocks like Apollo Hospitals, Hindalco, M&M, and HDFC Bank came under selling pressure with losses of up to 1.6%.
Was a top-secret US naval submarine spotted on Google Maps? What is Manta Ray and why is it significant?
A top secret US naval submarine was spotted on Google Maps before it was removed. The US has been conducting sea trials and this undersea drone is multi-purpose and may be deployed soon.
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Aerial drone launched by Yemen's Houthi rebels hits ship in the Red Sea, causing damage and injuries
A drone launched by Yemen's Houthi rebels damaged a vessel in the Red Sea, the latest in a series of attacks targeting shipping in the region. The attack occurred off the coast of Hodeida, damaging a bulk carrier. The UK Maritime Trade Operations center reported the mariners on board were safe. The Houthis claimed responsibility for the attack, contradicting reports that it was carried out with a drone boat. The US military confirmed the attack on the vessel, which was en route to Egypt from Malaysia.
India can be a hub for making submarines in the APAC region, says Thyssenkrupp exec
TKMS has partnered with Mazagon Dock Shipbuilders Ltd (MDL) and the two have jointly bid for the Indian Navy's Project-75I to build six advanced submarines, which are estimated to cost over Rs 45,000 crore. These submarines are to be made while opting for significant domestic value addition. "This Indian project has the same pattern as we have for South America. India could be the hub for our technology to produce them for some other countries in the Asia Pacific," he said.
How are the US and Canada dealing with the movement of Russian naval ships around Cuba?
The Russian ships which are participating in the joint naval exercises with Cuba are being closely monitored by the US and Canada. The two countries have counter-deployed submarines and other naval assets close to the Havana Bay.
Why is there a Russian nuclear submarine just 200 miles off the coast of Florida?
There are four Russian naval ships in Cuba and they are participating in a joint naval exercise with the host nation. The US is closely monitoring the situation.
In USA's backyard, Russian army to begin naval and air exercises in the Caribbean
Russia is deploying maritime and air assets in the Caribbean region. The US is not concerned at this stage but is closely monitoring the developments.
The China challenge: The nuts and bolts of Rs 50,000 cr fighter jet deal
India is enhancing its naval capabilities in response to China's PLA Navy in the Indo-Pacific region. The Indian Navy is set to acquire 26 Rafale Marine fighter jets from France to bolster its aircraft carrier INS Vikrant. The deal, valued at nearly Rs 50,000 crore, will strengthen India's defense ties with France and address the challenge posed by China's expanding naval presence in the region.
US Ambassador Eric Garcetti proposes development of "QUAD satellite" with India-US partnership
US Ambassador Eric Garcetti proposed developing a QUAD satellite in partnership with India during his visit to ISRO. He met with Chairman S Somanath to discuss space cooperation and advanced technologies.
What makes Siddharth Vora so bullish on auto sector?
Siddharth Vora of Prabhudas Lilladher Asset Management highlights recent portfolio winners including Cochin Shipyard and IndiGo. They favor sectors like auto, defense, and metals. IndiGo's strong market position and rural recovery prospects drive confidence, while Tata Motors offers a broad play in the CV cycle.
Yemen's Houthi rebels launch a missile that strikes an oil tanker in the Red Sea, US military says
Yemen's Houthi rebels targeted the Panama-flagged, Greek-owned oil tanker in the Red Sea amid conflicts over the Israel-Hamas war. They disrupted trade routes to China and Russia, causing a fire aboard the Wind. The rebels faced a US-led airstrike campaign in Yemen's Marib province.
Chinese ambassador promises 'friendship' and 'cooperation' as 2 Chinese warships dock in Cambodia
Chinese warships docked at Sihanoukville Port for joint naval exercises near Ream Naval Base. Concerns over China's presence in the South China Sea. Ambassador Wang Wentian emphasizes cooperation. Controversy over Golden Dragon exercises, responses from Hun Sen and Gen. Vong Pisen, and denials of foreign military bases in Cambodia.
Defence industry world over facing capacity crunch, India must step up to fulfil needs: Defence Secretary
Defence Secretary Giridhar Aramane highlighted the global demand for defence utilities amidst geopolitical conflicts, urging Indian shipbuilders to enhance capacity. He mentioned government initiatives and targets for indigenous defence manufacturing and exports, emphasizing the potential for growth and the importance of research and development.
Chinese warships have been docked in Cambodia for 5 months, but government says it's not permanent
Cambodia's Defense Ministry insisted Wednesday that the months-long presence of two Chinese warships in a strategically important naval base that is being newly expanded with funding from Beijing does not constitute a permanent deployment of the Chinese military in the country.
Yemen's Huthis attack Greek, US ships: CENTCOM
Yemen's Iran-backed Huthi rebels have resumed attacks on Red Sea shipping, targeting a Greek commercial vessel and other ships in recent incidents. The rebels launched missiles and drones at the ships, including a Maltese-flagged vessel, MV Cyclades, and two US vessels. The attacks, part of a series of incidents since November, have raised concerns about the safety of shipping routes in the region. The Huthis claim solidarity with Palestinians during the Israel-Hamas conflict and vow to continue attacks until Israel stops its actions in Gaza.
How the US military is scrambling to build a floating dock for urgently needed aid to Gaza
In his State of the Union address, President Joe Biden announced plans to provide aid to Gaza by sea. The US Army's 7th Transportation Brigade and other units are working to build a floating dock off the Gaza coast to deliver food and other assistance. The operation, which may involve up to 1,000 US troops, will take weeks or even months to complete and is dependent on Israel's cooperation.
New kid on the block! Should you invest in manufacturing theme-based mutual funds?
Mutual funds focused on the manufacturing sector offer investment opportunities to align portfolios with India's growth narrative. These funds invest in sectors like automobiles, pharmaceuticals, technology, cement, petroleum products, and industrial products. However, diversification and risk assessment are crucial when investing in these funds. At present, there are only five schemes which predominantly invest in manufacturing stocks.
Stocks in news: PB Fintech, ZEE, PVR Inox, KFin Tech, Mazagon Dock
Zee Entertainment has sent a letter to Sony Group Corporation requesting an extension of the cutoff to complete the merger.
Exports could be 10-15% of total order value in three years’ time: Mazagon Dock Shipbuilders
“The Indian market is about $11 billion. And we are just beginning. Although sky's the limit, we are looking at a small pie out of this $11 billion market to start off and go up to Rs 5,000 crore to begin with. In about, say three years' time, we hope to touch that target.”
ETMarkets PMS Talk: This 400-cr fund manager shifts from defence & railway stocks after booking multibagger returns
"We remain constructive on the markets in Samvat 2080, apart from being long-term bullish. The recent sharp up move in FY24, has already seen some consolidation/correction in the month of October 2023. However, one must note that the rally has been on the back of strong earnings delivery. As a result, most frontline indices are trading at 20-30% lower valuation (in terms of 1-year forward PE) than the peak seen 2 years ago."
US Navy ship docks on a four-day Colombo visit, no date announced for Chinese research vessel
The US Navy ship, USNS Brunswick, has arrived at the port of Colombo for a 4-day formal visit, while the dates for the arrival of a Chinese research vessel in Sri Lanka have not been announced. In August, Sri Lanka stated that the Chinese research vessel SHI YAN 6 would visit the country for marine research activities in October, but permission was delayed due to objections from India.
Imposed sanctions on N. Korea, Russia in past...won't hesitate to do so in future: US State Dept
Matthew Miller also emphasised that the close ties between Pyongyang and Moscow have "not exactly been productive" for the world's security. He said, "Obviously, there has been a close relationship between those two countries for a while...when that's not exactly been productive to increasing the security of the world, I wouldn't expect that to change as a result of this meeting."
North Korean leader Kim Jong Un meets with Russian defense minister on military cooperation
In a rare case of diplomatic opening since the start of the pandemic, North Korea invited delegations from Russia and China to attend the events marking the armistice of July 27, 1953. The North Korean festivities were widely expected to be capped by a giant military parade in Pyongyang, where Kim could showcase his most powerful, nuclear-capable missiles designed to target neighboring rivals and the U.S. mainland. State media, however, had not confirmed plans for a military parade.
North Korea fires 2 short-range ballistic missiles after US submarine arrives in South Korea
Last week, the USS Kentucky became the first US nuclear-armed submarine to come to South Korea since the 1980s. North Korea reacted to its arrival by test-firing ballistic and cruise missiles last week in apparent demonstrations that it could make nuclear strikes on South Korea and deployed US naval vessels. Also on Monday, the American-led UN Command said it has started "a conversation" with North Korea about a U.S. soldier who ran into the North last week across one of the world's most heavily fortified borders.
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